The Marygold Companies Secures Private Placement to Finance Next-Stage Rollout Initiatives for Recently Developed Fintech Product
The Marygold Companies, Inc. (MGLD)
Company Research
Source: Business Wire
-Company Enters Note Purchase Agreement for up to $6.56 Million- SAN CLEMENTE, Calif.--(BUSINESS WIRE)--The Marygold Companies, Inc. ("TMC" or the "Company") (NYSE American: MGLD), a diversified global holding firm, today announced it has secured $4.38 million in funding as part of a $6.56 million total private placement with Streeterville Capital, LLC, an institutional investment firm, through the sale of the Company’s secured promissory note.Net proceeds will be used exclusively to implement next-stage initiatives for the Company’s Marygold & Co. project, including initial marketing of its recently developed fintech app., a digital platform alternative to traditional banking that enables users to spend, invest and save.“As part of our strategic plan to develop and test the viability of the platform, we invested more than $15 million over the past five years from cash and profits internally generated by our operating subsidiaries,” said Nicholas Gerber, TMC’s chief executive offic
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MGLD
Sec Filings
- 9/24/24 - Form 8-K
- 9/23/24 - Form DEF
- 9/18/24 - Form 10-K
- MGLD's page on the SEC website